The creation of any mortgage lien under this chapter prior to or superior to any mortgage of record at the time the mortgage lien was created shall not disqualify a prior recorded mortgage as a legal investment under chapter 9 of title 19.
R.I. Gen. Laws § 34-44-10
Legality of prior and inferior mortgage liens
Known as the Abandoned Property Act
The act spans §§ 34–34 (14 sections).
P.L. 1986, ch. 447, § 1.
Official source: Rhode Island General Assembly. Reproduced from public-domain Rhode Island statutes; confirm against the official source for the current text. Not legal advice.